Monthly Overview of Offshore Banking Units (OBUs)
PRESS RELEASE Release Date: May 31, 2018
align="left">Monthly Overview of Offshore Banking Units (OBUs)
Number of OBUs and Total Assets As of April 30, 2018, there were 60 OBUs with total assets of US$203.920 billion, a decrease of US$4.746 billion or 2.3% from the previous month. The breakdown of the information in terms of domestic and foreign banks is shown in the table below:
|
Item |
Domestic Bank |
Foreign Bank |
Total |
|
Number of OBUs |
37 |
23 |
60 |
|
Total assets (USD billions) |
181.128 |
22.792 |
203.920 |
|
% of combined assets |
88.8% |
11.2% |
100.0% |
Uses and Sources of Funds At the end of April, the primary uses of funds of all OBUs were Discounts and loans, which amounted to US$80.678 billion or 39.6% of total assets. The main sources of funds were Vostro account– head office & branches, which amounted to US$90.084 billion or 44.2% of total liabilities. The uses and sources of funds are summarized as follows:
(USD billions, % of total assets/liabilities)
|
Uses of Funds |
Sources of Funds |
||||
|
Item |
Amount |
% |
Item |
Amount |
% |
|
Discounts and Loans Securities investments Due from banks Nostro account – head office & branches Other assets |
80.678 55.054 29.887 28.445 9.856 |
39.6 27.0 14.7 13.9 4.8 |
Vostro account – head office & branches Deposits Due to banks Other liabilities Equity of head office |
90.084 77.261 17.298 16.643 2.634 |
44.2 37.9 8.5 8.1 1.3 |
|
Total |
203.920 |
100.0 |
Total |
203.920 |
100.0 |
Destination and Origin of Funds As of April 30, Asia was the main destination and origin of funds. The following table provides a geographical breakdown:
(%)
|
Region |
Destination |
Origin |
|
Asia |
54 |
64 |
|
America |
29 |
23 |
|
Europe |
10 |
5 |
|
Other regions |
7 |
8 |
|
Total |
100 |
100 |
Discounts and Loans The total value of all outstanding discounts and loans made by all OBUs at the end of April 2018 was US$80.678 billion, the composition of which is as follows:
|
Client |
Duration |
Outstanding Value (USD billions) |
% of |
|
Overseas |
Medium and long-term |
51.139 |
99.0% |
|
Short-term |
28.706 |
||
|
Local |
All terms |
0.833 |
1.0% |
|
Total |
80.678 |
100.0% |
|
Turnover of Foreign Exchange Trading The data on the turnover of foreign exchange trading by all OBUs for the month of April is provided below:
(USD billions)
|
Spot |
Forwards |
Swaps |
Total |
|
26.224 |
9.159 |
13.777 |
49.160 |
Volume of Export and Import Related Business The volume of export and import related banking business of all OBUs in April 2018 were US$36.146 billion and US$35.910 billion, respectively.
Turnover of Derivative Products Trading The turnover of derivative products trading by all OBUs in April 2018 was US$32.118 billion as shown in the table below by product category:
(USD billions)
|
Product Category |
Turnover |
|
Futures |
15.537 |
|
Options |
11.429 |
|
Swaps |
4.809 |
|
Margin account trading |
0.303 |
|
Credit derivatives |
0.040 |
|
Total |
32.118 |
Notes: The next release will be made at 16:20 p.m. on June 29, 2018.